Thursday, December 30, 2010

Berwyn, Pennsylvania - On some occasions Commercial Real Estate Investors need to lease their Net Lease Properties. Tenants come in various forms such as a Burger King, McDonald's or Wendy’s. Also triple net lease properties with more square footage for lease might need a Best Buy, Publix, Kroger or Kohl's. We see hhgregg making moves into prime triple net lease properties. Recently, hhgregg Appliances & Electronics store signed a contract for 40,135 square feet on a net lease, in Swedesford Plaza. Berwyn is approximately 22 miles north-east of the Philadelphia International Airport (PHL), which is located at 8000 Essington Avenue, in Philadelphia.

Swedesford Plaza is Retail Shopping Center located at Routes 202 & 252 just minutes from the King of Prussia Mall. The King of Prussia Mall (KOP) is one on the largest retail shopping centers in the north east. Back to Swedesford Plaza, hhgregg will join other tenants of the center that include Pathmark and Golf Galaxy. This Retail Shopping Center offers convenient Main Line shopping and an array of shops and restaurants. A plus for all NNN Commercial Real Estate developments. Swedesford Plaza was anchored by a 65,000-square-foot Circuit City which subleased a portion of its space to Golf Galaxy. This Retail Shopping Center is a 152,000 square foot retail shopping center located at 428 N. Swedesford Road in Berwyn, Pennsylvania. hhgregg will lease the space that was vacated by Circuit City. hhgregg should be available for business very soon.

The Tenant of this net leased property, hhgregg is already leasing in the states Alabama, Indiana, Kentucky, North Carolina, South Carolina, Tennessee, Ohio, and Georgia. They also are beginning a thriving online retail business. hhgregg is a leading specialty retailer of premium video products, brand name appliances, audio products and accessories. hhgregg currently operates over 150 stores throughout the United States. The Tenant for this net lease property is just entering the Philadelphia and Greater Delaware Valley area marketplace. This Retail Shopping Center offers great visibility from the heavily traveled Route 202.

We specialize in providing Triple Net Lease Properties to investors who are involved in a 1031 exchange or a sale-leaseback transaction.

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